Allstate Equity Index | |
The Highest Annuity Interest Rates in the Country | |
To get free information on the top annuities in the country and a Free Annuity Information Guide, fill out the short questionaire below. ***Your Privacy is our priority. All information is strictly confidential.*** | |
12/25/2008 News For: Allstate Equity InsuranceHomeowners leery of cashing out equity Mark Alexander is optimistic about his neighborhood and city's economic prospects. So when falling interest rates lured him to refinance his Southwest Center City home yesterday, he might have cashed out some of his equity, as many borrowers did through much of the long housing boom. Misleading sales pitches hurt fund market Kim Jung-ah, a 58-year-old housewife, went to a local bank to open a time-fixed deposit account in November 2005. A clerk at the bank, however, recommended she sign up for "Power Income Fund," a newly-launched equity investment product, saying that an equity fund promises higher returns than time deposits. SBI to inject funds into insurance arm The country's largest public sector lender, State Bank of India, is planning to inject fresh capital into its insurance arm, SBI Life, which is awaiting the right market conditions to raise funds through an initial public offering IPO. LIC stake in HDFC Bank crosses 5% The country?s largest insurer, Life Insurance Corporation of India LIC, has increased its stake in HDFC Bank to over 5 per cent following acquisition of shares from the open market. Tea merchant Whittard sold to private equity group LONDON ? ?Whittard, a venerable British tea and coffee merchant, was sold to a private equity company Tuesday by administrators appointed under bankruptcy laws?. The power lies within... The current economic context demands un-carving. Un-carving and re-carving from a developer to a back-end process executive, a business analyst to an insurance agent or an investment banker to software architect. Equity funds still the best Data from Value Research, a Delhi-based fund tracking firm, show that the category average returns from equity-diversified funds have been 14.5 per cent a year over this period. Banking funds, which invest in banking and other financial sector companies, have given returns of 23.66 per cent. GMAC shift means less control for GM, Cerberus GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp. and Cerberus Capital Management. It also raises a number of questions, including who will control GMAC going forward and how much its business model might change. Japanese Bond Risk Unchanged as BOJ Fails to Revive Confidence Dec. 26 -- The cost of protecting Japanese corporate bonds from default was unchanged as Bank of Japan efforts to reopen credit markets failed to boost investor confidence. Column : Questions about sovereign wealth funds Globally, countries hold over $6 trillion of assets in forex reserves. These are managed either by their central banks or their sovereign wealth funds. For example, India alone has around $250 billion in forex reserves, currently managed by RBI. |